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Nov 21, 2012
11/12
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even now, people don't like the law. if you look at exit polling on obamacare from the election just last week, the majority of people want obamacare either repeal or rollback. the question is, of course, the president won the election. had you do that? >> there is not a way to repeal a law, even if romney hadone, republicans lost two seats in the senate. there's only so much you can do if you have control of congress. you can do some things, but not much. there is very limited the amount that you can do. would you can is use the law as, perhaps, an outlet foreforming entitlements. that is one thing that obamacare, that may be the legacy. this huge competition for resources. the big health care entitlements. republicans will have some say as to how that plays out. gerri: what you're aying is, it sounds like what you're saying is some of the money could be diverted some morales. >> the irony of a lot of this health care politics is that democratcriticizepaul ryan for the premium support plan for medicare reform. the obama
even now, people don't like the law. if you look at exit polling on obamacare from the election just last week, the majority of people want obamacare either repeal or rollback. the question is, of course, the president won the election. had you do that? >> there is not a way to repeal a law, even if romney hadone, republicans lost two seats in the senate. there's only so much you can do if you have control of congress. you can do some things, but not much. there is very limited the amount...
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101
Nov 28, 2012
11/12
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right now, as we speak, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. gerri: there's the president calling out congress. what do you have to say, congressman? >> yeah, here we go in the middle of this. the house passed all our tax things in april. we passed the sequestering documents in may. we waited for the senate since may to reciprocate on that. the senate and white house sat on it, and they said we'll see you in the lame duck period. now it's lame duck, and now they want to get started when we finished or work in may on it. it's been frustrating in the process. it's the same song, 38th verse on it, waiting for the senate to get it going. now we're actually going, and the president now says you can clear the table on this. the reality is this is not a tax issue. it never has been a tax issue. we have the same amount of revenue coming in in 2012 that we had in 2007, but we spend a trillion dollars more per year now than we did five years ago. this is a spending issue. gerri: spending or revenue, that is, the amount of money taken
right now, as we speak, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. gerri: there's the president calling out congress. what do you have to say, congressman? >> yeah, here we go in the middle of this. the house passed all our tax things in april. we passed the sequestering documents in may. we waited for the senate since may to reciprocate on that. the senate and white house sat on it, and they said we'll see you in the lame duck...
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Nov 21, 2012
11/12
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. >> the law says taxes are going up. trying to avert the full tax hike so we really don't know who will pay more or if anyone will pay more. one tax expert says a conservative tax play this year means plning for those higher rates. >> you're going to have to maybe assume or gas tax rates will go up rather dramaticay for higher income individuals. you might want to consider taking income where you have that option through compensation planning, businesses or where you are on a cash basis to explt income. >> advisors say take any bonuses before the first of the year is nearly five percentage point increase in the top income bracket and .9% health care surtax in january. the top rate for dividend jumps to nearly 40%, the health care law adds 3.8% on top of that. take capital gains at the top rate goes, and 3.8% health care tax on top of that. push expenses featuring tax deductions into the future beyond this year. use those seductions next year or after when rates are set to increase. congress could delay much of this, that
. >> the law says taxes are going up. trying to avert the full tax hike so we really don't know who will pay more or if anyone will pay more. one tax expert says a conservative tax play this year means plning for those higher rates. >> you're going to have to maybe assume or gas tax rates will go up rather dramaticay for higher income individuals. you might want to consider taking income where you have that option through compensation planning, businesses or where you are on a cash...
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Nov 24, 2012
11/12
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dow closing above the other team thousand behmark of 1 72 points and the nasdaq up 4% ending it's a law this losing streak in four years. joining me, scott martin, a strategist for united advisers. welcome back to the show. i like this. penalized for the fial cliff, somehow we are not, and can this trend continue? is this a trend or one nice week that we will rememberor a long time? >> it depends what trend you are referring to. the on-again off-again relationship we seem to have with the fiscal collect is probably here to stay. we will probably drive investors mad because there is one day people will save the world is coming and taxes are coming to the sky and a resolution and things will be okay. the reality is somewhere in between which means the market meanders a little higher towards the end of the year but nothing significant. gerri: what you said in your pre interview which was crazy, i couldn't get over it, you say we overestimated the importance of the fiscal cliff? how is that possible? the average family will have a pretty $500 tax hike if this thing goes through. if we fail
dow closing above the other team thousand behmark of 1 72 points and the nasdaq up 4% ending it's a law this losing streak in four years. joining me, scott martin, a strategist for united advisers. welcome back to the show. i like this. penalized for the fial cliff, somehow we are not, and can this trend continue? is this a trend or one nice week that we will rememberor a long time? >> it depends what trend you are referring to. the on-again off-again relationship we seem to have with the...
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96
Nov 29, 2012
11/12
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>> is the bureaucrats who are implementing what is a good law. what we did was simply follow with a credit-card industry does many of your viewers that had transactions on their credit card with a company called and said to mothers of fraud alert. did you really do that transaction? that is computer modeling predicted technology that lets your fraud, looks to your spending habits and sees it during the normal course of your spending. if not the computer puts up the red flag and a check with you. if you say no, they don't pay. we took something that's working in the private sector, a credit-card business that pays little and fraud, stops before it starts and says, let's apply that to medicare. the estimate is between medicare and medicaid, $100 billion a year of health care fraud. unfortunately the bureaucrats in washington have not implemented it correctly, gave up the contract the companies don't have any experience in this area , and we believe an outside group said that we could stop up to $20 billion a year in fraud by just implementing this
>> is the bureaucrats who are implementing what is a good law. what we did was simply follow with a credit-card industry does many of your viewers that had transactions on their credit card with a company called and said to mothers of fraud alert. did you really do that transaction? that is computer modeling predicted technology that lets your fraud, looks to your spending habits and sees it during the normal course of your spending. if not the computer puts up the red flag and a check...
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100
Nov 27, 2012
11/12
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the laws already on the books. tell us about that. >> correct. for example, already 25 economically significant regulations at the white house now. regulations with an economic impact of $100 million or more. some of those are rules under the affordable care act, the menu labeling rules, rules for vending machines, labor requirements. a lot at the white house now. a lot of rules that are past their statutory deadline, past the deadline that the administration set for them that have been waiting around for several months. we don't know why. even as some it might be because of the election because the pace the rerun right now is significantly lower than other reelection years. gerri: more than 80 percent of the rules have been under review for 90-plus days. what is it takes a long? i don't even want to see these rules come into place, but at the end of the day they should have some efficiency about enacting them. gerri: the biggest issue is transparency, and you mentioned the 90 day threshold. under the executive order 90 days is supposed to be the
the laws already on the books. tell us about that. >> correct. for example, already 25 economically significant regulations at the white house now. regulations with an economic impact of $100 million or more. some of those are rules under the affordable care act, the menu labeling rules, rules for vending machines, labor requirements. a lot at the white house now. a lot of rules that are past their statutory deadline, past the deadline that the administration set for them that have been...
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Nov 26, 2012
11/12
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cheryl: it is back to court for liberty university and their challenge the controversial law. their challenge is the employer mandate and to fund what they call abortion related services for their employees. we have leaders well coming up with more. we know this case very well. >> yes, tardy at the supreme court. cheryl: the argument, is this going to fly? >> with the supreme court said is the first time around, we said that wasn't right. that nobody had been hurt yet. and so the mandate had been in place. so really you cannot argue that. but now what they are saying is that it isn't just an issue about the mandate. it is about a right of religion and that may be right. will they win? it is a fairly liberal court area. i would be kind of surprised to see them win on these grounds. >> yes. this could set the stage for another go around. >> if they win in a small area and they argue religious rites, vermont we have the hospitals doing that as well, the floodgates open. we are right back to the supreme -ourt. i don't see it happening. but i can see this very narrow way, take a se
cheryl: it is back to court for liberty university and their challenge the controversial law. their challenge is the employer mandate and to fund what they call abortion related services for their employees. we have leaders well coming up with more. we know this case very well. >> yes, tardy at the supreme court. cheryl: the argument, is this going to fly? >> with the supreme court said is the first time around, we said that wasn't right. that nobody had been hurt yet. and so the...
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62
Nov 22, 2012
11/12
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vr biehl, a vacation rental, keep it as a second home, move your mother-in-law and so she does not ruin your hard work. holding power to keep feeding the beast. you need to look good options. gerri: step one, two, thre. how do i get sarted? >> find a good realtor or become one yourself. did your finger on the pulse of your local real-estate market. there is opportunity everywhere, the stick to your own backyard. if you're going to spend profit on gas or flights commuting to me you're wasting money. gerri: that smart. anything special about the marketplace right now that people need to know about? >> i think it is always there. the opportunity is there. now bat houses. look for a really good house under the scrutiny of inspection so that you know what ou are buying. one of the steps going to be? what is the budget really going to be? gerri: well, if i did do that probably would. >> it has to be five because there are sudden tears. gerri: appreciate your time. well, back with a vengeance, but the best places to do this? the answer is tonight's top five. number five, omaha, nebraska. house
vr biehl, a vacation rental, keep it as a second home, move your mother-in-law and so she does not ruin your hard work. holding power to keep feeding the beast. you need to look good options. gerri: step one, two, thre. how do i get sarted? >> find a good realtor or become one yourself. did your finger on the pulse of your local real-estate market. there is opportunity everywhere, the stick to your own backyard. if you're going to spend profit on gas or flights commuting to me you're...
50
50
Nov 23, 2012
11/12
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eye 50
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the law has to stay on the table as both parties discuss ways to solve the nation's massive debt challenge. it has been put on the table is yet another king, something republicans want on the table. we need to do something about obamacare if we are going to make any move onhe other frt. does that mean these talks will be stopped before they are even started? >> i don't think so because obamacare should have been on the table from the beginning because the tax increases it will bring about on january 1st. the biggest most expensive most economic damaging increase in obamacare kicks in january 1st. that is 3.8% surtax on investment income, capital gains and didends that will slow investment which will slow the economy and slow job creation. we're in no position to be slowing the economy and cutting back on jobs with so many americans out of work. gerri: i want to show folks will wee looking at as we go over the fiscal cleft. increase in wages and salaries of 5%. long term capital gains, 7% qualified dividend. we are looking at massive across-the-board tax hikes that will affect not just your
the law has to stay on the table as both parties discuss ways to solve the nation's massive debt challenge. it has been put on the table is yet another king, something republicans want on the table. we need to do something about obamacare if we are going to make any move onhe other frt. does that mean these talks will be stopped before they are even started? >> i don't think so because obamacare should have been on the table from the beginning because the tax increases it will bring about...